Budapest University of Technology and Economics (BME) was founded in 1782 by Austrian emperor Joseph II. Nowadays the university functions under the supervision of the Hungarian State. The executive functions are carried out by the University Senate and the Rector. BME has 8 faculties: Architecture, Chemical Technology and Biotechnology, Civil Engineering, Economic and Social Sciences, Electrical Engineering and Informatics, Mechanical Engineering, Natural Sciences, Transportation Engineering and Vehicle Engineering. BME is one of the largest Hungarian higher education institution, approx. 70% of engineers graduates here. It is among the 5 Hungarian research universities. Several Nobel Prize laureates have been associated with the Budapest University of Technology and Economics: Dennis Gábor (physics), Eugene Wigner (physics), György Oláh (chemistry). Notable personalities have also studied or taught at BME: John von Neumann, the inventor of the computer, Edward Teller, nuclear physicist, Leo Szilárd, known for his work on nuclear chain reactions, Marcell Breuer, architect, Theodore von Kármán, aerodynamic scientist, Ernő Rubik, inventor of the famous cube, Donát Bánki, co-inventor of the carburetor, Károly Zipernowszky, one of the inventors of the transformer, Dénes Mihály, one of the inventors of television. The Bologna type education (B. Sc, M. Sc, Ph. D) has been fully introduced from 2006. Besides Hungarian there are training programs in English, French, German as well. BME has important international relations and is an active participant of different international programs (mainly European, e.g. Erasmus), but it has good contacts with several American, Asian universities as well. BME joined the T.I.M.E-Association 10 years ago, and BME became an elected member of the T.I.M.E Advisory Committee in 2011. For more information related to international programs see http://english.www.bme.hu/.